Which Altersvorsorgedepot provider suits you?

What matters when choosing – and which provider suits whom.

There is no single best provider for everyone. There is only the best one for your situation. Neobroker, direct bank, robo-advisor or insurer — each group has its strengths and weaknesses, and which one fits you depends on your goals and your budget. This page helps you choose. The list of all institutions, updated daily, is in the provider monitor.

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Rolf Henning HackelVerified by Rolf Henning Hackel on 4 November 2026

Where things stand

64 of 79 providers reviewed, or 81%, have committed to offering an Altersvorsorgedepot from January 2027.

All 79 providers with source and review date

Source: AVD provider monitor · survey 4 November 2026
Provider comparison

The market in numbers

Not a single product has been certified so far. Without certification by the Bundeszentralamt für Steuern there is no subsidy, and that procedure only begins in autumn 2026. Which institutions will be there for the launch on 1 January 2027 is something we check every working day in the provider monitor — with evidence and a date for every provider. As soon as the first terms are confirmed, costs and fund selection will follow.

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Assessment

Our assessment criteria

These are the criteria we use to assess every provider.

  • Total costs
    The most important criterion. Over decades, even small differences have a major impact – ETF and fund costs, account fees, transaction and administration costs all count.
  • ETF and fund range
    A broad, high-quality range allows a well-diversified portfolio across different asset classes, regions and strategies.
  • Savings plan features
    Easy setup, automatic execution and flexibly adjustable contributions support continuous investing.
  • Flexibility
    Changing your contribution, pausing payments, adjusting your strategy: the securities account should fit changing circumstances in life.
  • Ease of use
    A clear interface makes contributions, performance and your portfolio easy to follow.
  • Service and support
    Competent help with specialist, legal and above all technical questions reduces uncertainty. Even with a digital securities account, fast and understandable support by chat, phone or email counts.
  • Sustainability options
    Access to sustainable ETFs and funds and the option to factor ESG criteria into the selection.
  • Digital features
    App, digital documents, automatic reports plus analysis and planning tools. The less paper, the better.
  • Payout and withdrawal options
    In retirement, what counts is being able to withdraw your assets flexibly, predictably and tax-efficiently.
  • ETF account offering
    Being able to open an additional ETF account with the same AVD provider simplifies investing and improves clarity and transparency.

How we assess

We assess every provider against fixed criteria; total costs, ETF selection and flexibility carry the most weight. The full methodology with all criteria and evidence is in the provider monitor. We are not a product provider, we receive no payment for better placement, and we assess independently.

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All benefits

Which provider suits whom?

Depending on your situation in life, different criteria come to the fore.

Costs · easy handling

Career starters

Low costs and simple, up-to-date handling matter most. Low-cost providers with a digital sign-up process and straightforward administration are a good fit.
ETF selection · savings plans

ETF savers

Here a large ETF selection and strong savings plan features across many asset classes, regions and strategies are what count.
Flexibility

Families

For families, flexibility counts: variable contributions, adjustable savings rates and the option to pause for a while.
Flexibility · liquidity

Self-employed

With fluctuating income, liquidity and flexible payments are decisive, with room for economic changes.
ESG range

Sustainable investors

The focus is on a broad ESG range together with transparency about the underlying sustainability standards.
Security · withdrawal

Investors close to retirement

Security, reliable payout models and simple administration in the transition to the decumulation phase.
FAQ

Frequently asked questions

When can I take out an Altersvorsorgedepot?

From 1 January 2027. Before that nobody may sell one, that is what the law says. What the product is and how the subsidy works is set out on the page Altersvorsorgedepot.

What should I look at when choosing a provider?

Costs first. Over thirty years they weigh more heavily than anything else, and offers only become comparable through the effective costs. After that come ETF selection, flexibility in the savings plan and service. Little of that can be compared today, though: five institutions have published their own prices, the rest name no figure.

Does the Altersvorsorgedepot cost the same at every provider?

No. The legislator caps the effective costs at 1.0 percent, but below that the providers differ considerably. Some neobrokers start close to zero, others are higher. What lies behind the costs and how to compare them is shown in our cost overview.

Which ETFs can I choose?

At most institutions this has not yet been settled. Two already name their funds. quirion holds the Vanguard FTSE Global All-Cap and the Vanguard Global Aggregate Bond EUR Hedged in its standard account, Smartbroker+ offers three variants with MSCI World, MSCI ACWI or FTSE All-World. For the rest we enter the selection as soon as the institution names it itself. Which ETFs qualify for the subsidy at all is laid down in the law.

Can I switch provider later on?

Yes, switching is provided for by law. It becomes expensive in the first five years. SV Sachsen and VOLKSWOHL BUND both write that each side may charge up to 150 euros, the provider you leave and the new one. Up to 300 euros in total. After five years the fee is to be dropped, that is how both institutions read the law. More on this under Riester switch.